3,138 Shares of FTAI Aviation Ltd. $FTAI Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,138 shares of the financial services provider’s stock, valued at approximately $524,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of FTAI Aviation by 2.5% in the 2nd quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock valued at $834,203,000 after purchasing an additional 75,452 shares in the last quarter. Bank of America Corp DE lifted its stake in FTAI Aviation by 8.2% in the first quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock worth $216,908,000 after purchasing an additional 67,097 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in FTAI Aviation by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 631,212 shares of the financial services provider’s stock valued at $154,515,000 after buying an additional 15,291 shares during the period. First Trust Advisors LP grew its stake in shares of FTAI Aviation by 5.0% during the first quarter. First Trust Advisors LP now owns 383,773 shares of the financial services provider’s stock valued at $94,024,000 after buying an additional 18,399 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of FTAI Aviation by 27.6% during the first quarter. Bank of New York Mellon Corp now owns 361,230 shares of the financial services provider’s stock valued at $88,501,000 after buying an additional 78,152 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price target on FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. BTIG Research lowered their price target on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Barclays dropped their price target on shares of FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a research report on Tuesday, September 15th. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a research report on Friday, October 30th. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price objective on shares of FTAI Aviation in a research note on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $304.38.

FTAI Aviation Trading Up 11.0%

Shares of NASDAQ FTAI traded up $17.82 during midday trading on Friday, hitting $180.27. 3,209,878 shares of the company traded hands, compared to its average volume of 2,077,379. FTAI Aviation Ltd. has a 12-month low of $146.48 and a 12-month high of $323.51. The firm has a market cap of $18.52 billion, a P/E ratio of 36.57, a P/E/G ratio of 0.98 and a beta of 1.55. The stock has a 50-day moving average price of $177.21 and a 200 day moving average price of $230.04. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.12. The firm had revenue of $977.66 million for the quarter. FTAI Aviation had a return on equity of 135.72% and a net margin of 15.46%. The firm’s revenue was up 46.6% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. As a group, analysts expect that FTAI Aviation Ltd. will post 5.37 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $2.00 annualized dividend and a yield of 1.1%. FTAI Aviation’s dividend payout ratio (DPR) is currently 40.57%.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.